Bitcoin’s Long-Term Bullish Outlook Amid Market Volatility
- Bitcoin is trading at $81,550, approximately 25% below its all-time high.
- Kevin Svenson predicts Bitcoin could rise by about 23% from the current level.
- Svenson notes that Bitcoin’s price movements are unpredictable due to global trade tensions.
- Bitcoin has maintained a textbook uptrend structure after holding a major support zone.
- A recovery bounce above $100,000 is anticipated following a standard market retrace of around 30%.
Cryptocurrency analyst Kevin Svenson highlights Bitcoin’s long-term bullish trend despite current volatility and anticipates a potential rise of about 23%, with the possibility of reaching over $100,000. The market remains unpredictable due to global economic tensions.
Source (2.6)https://dailyhodl.com/2025/04/11/trader-says-this-bitcoin-cycle-will-experience-much-more-volatility-unveils-targets-btc-could-hit-after-bounce/?rand=59076
